Banking conference set in Guyana

The banking community in Guyana will from 12-15 November host more than 150 commercial bankers, financial services providers, banking software vendors and other key regional financial industry organisations.

Thee will be from Suriname in the south to the Cayman Islands, United States of America and Canada in the north, as well as Europe – for the 34th AGM, pre-conference training and Conference of the Caribbean Association of Indigenous Banks Inc.

This conference is the premier event for commercial bankers and executives of indigenous financial services institutions in the CARICOM region and a dynamic forum for discussion of issues relevant to the regional financial sector, states a press release. It provides the platform from which the region’s financial institutions are able to influence policy on issues impacting the banking sector.

Formed in 1974, Caribbean Association of Indigenous Banks Inc has evolved in 34 years to become a dynamic community, fostering a spirit of goodwill and camaraderie among the indigenous banks and financial institutions of the region. Now a 60-member Association, the CAIB is made up of 50 general member banks/financial institutions, three honorary members – Caribbean Development Bank, CARICOM and the Caribbean Centre for Monetary Studies, two associate financial institutions and eight service members. CAIB’s member banks have a combined asset base in excess of US$17.5B.

Cayman National Bank is a member of CAIB and its president Mr. Ormond Williams sits on the board of directors.

CAIB is a community of locally incorporated/owned banks and other financial institutions in the Caribbean/CARICOM Region, which provides opportunities for discussion on issues impacting the indigenous banking/financial services community as well as for the sharing of experiences and networking.

From this common platform, indigenous banks and financial institutions seek to influence regional financial services policies as well as other issues which have implications for the sector, such as the CARICOM Single Market and Economy, World Trade Organization and the Free Trade Area of the Americas.

CAIB also facilitates Caribbean/CARICOM indigenous banks’ and financial institutions’ intervention and participation in the global network of similar institutions.

The theme for this year’s Conference is Defining the Market Space, and over the four days, November 12 – 15, 2007, the Conference will focus on how to continue to enable and promote the growth of the regional banking and financial services sector within the context of the global banking and financial services environment.

The conference begins with a ceremonial opening at the Le Meridian Pegasus Hotel on 12 November, while plenary sessions are slated for the Guyana International Convention Centre at Turkeyen on the East Coast on 13-14 November. President Bharrat Jagdeo has been invited to give the keynote address at the Opening Ceremony, with other invited speakers being CARICOM Secretary General Mr. Edwin Carrington, CAIB Chairman Mr. Michael Archibald and Bank of Guyana Governor Mr. Lawrence Williams.

Mr. John Tracey, director of Credit at GBTI and chairman of the local organising committee said the conference is of prime importance to the regional banking industry given changes in the international financial environment in general.

“The delegates will discuss issues such as anti-money laundering and counter terrorist financing, the changing American landscape and its impact on the Caribbean financial services sector, platforms for growth and expansion and banking in a single economic space among other topics. We are going to have full discussions on these issues,” Mr. Tracey said.

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